Main goal is to grow total # of units for cash flow to be able to live off passive income within 10-15 years. 

Some of the benefits to getting your license would be getting commission as well as direct access to the MLS.

I looking to get into real estate and to mainly target the Essex county area to start off.

That is what I was trying to find, but could not get hard information on.I don't think operating cost is the main factor here.

Partnerships are much easier and you can achieve pretty much the same results: you raise funds for specific projects and create a legal entity for that project, electing yourself as a member of the partnership so you can benefit from any gains without complicated filings.

My main concern is if somebody would fall off the railing(which is on my side) and sue me.

What ways can I streamline management, upkeep that benefits us both.

Since the major benefit of the LLC is asset protection,  you won't be needing that much in the beginning starting out with our own properties. 

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seeking commercial lenders in Maine for a multi family purchase